Tuesday, October 06, 2020

Retirement postponed


It's good to have a sense of humor but seriously the hospitality industry is on it's knees at the moment. It seems likely that many small businesses will go under if current conditions prevail (or get worse) and there's no obvious solution in sight other than a mass vaccination program (fingers crossed that's soon). Good time to be hoovering up distressed assets I suppose. I bet the corporate finance guys are having a field day and I do wonder how this virus lead depression will affect property prices in places like London, especially as firms realise they don't actually need shiny office buildings quite so big anymore. It's hard to see how a general downward hit on real-estate valuations won't have an effect on pension funds in the short term, and there I was hoping to retire soon, oh well..


 

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